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Finance expense and income (Tables)
12 Months Ended
Dec. 31, 2025
Text Block1 [Abstract]  
Summary of Finance Expense and Income Included in Income Statement
 
For the year ended 31 December
Million US dollar
  
2025
    
  2024
1
    
  2023¹
 
                            
Interest expense
  
 
(3 194)
 
  
 
(3 437)
 
  
 
(3 696)
 
Interest income
  
 
511
  
 
591
  
 
565
 
Interest income on Brazilian tax credits
  
 
117
  
 
142
  
 
168
 
Net interest income/(expense)
  
 
(2 566)
 
  
 
(2 704)
 
  
 
(2 963)
 
Accretion expense
  
 
(747)
 
  
 
(722)
 
  
 
(808)
 
Interest on pensions
  
 
(74)
 
  
 
(89)
 
  
 
(90)
 
Accretion expense and interest on pensions
  
 
(821)
 
  
 
(811)
 
  
 
(898)
 
Net foreign exchange gains/(losses)
  
 
(386)
 
  
 
(147)
 
  
 
(353)
 
Net gains/(losses) on hedging instruments
  
 
(310)
 
  
 
(312)
 
  
 
(613)
 
Bank fees, taxes and other financial expense
  
 
(221)
 
  
 
(392)
 
  
 
(231)
 
Other financial income
  
 
25
  
 
8
  
 
25
 
Other financial results
  
 
(893)
 
  
 
(843)
 
  
 
(1 172)
 
                            
Net finance income/(expense) excluding exceptional items
  
 
(4 280)
 
  
 
(4 358)
 
  
 
(5 033)
 
                            
Exceptional finance income/(expense)
  
 
(185)
 
  
 
(995)
 
  
 
(69)
 
                            
Net finance income/(expense)
  
 
(4 465)
 
  
 
(5 353)
 
  
 
(5 102)
 
 
1
Amended to conform to the 2025 presentation.
Summary of Interest Income
Interest income arises from the following financial assets:
 
Million US dollar
  
2025
    
  2024
    
  2023
 
                            
Cash and cash equivalents
  
 
463
  
 
559
  
 
537
Investments in debt securities held for trading
  
 
38
  
 
23
  
 
10
Other loans and receivables
  
 
10
  
 
9
  
 
19
Total
  
 
511
    
 
591
    
 
565